Last update: Jun 16, 2022

How to Buy Crypto with KeyBank

Marco velaAuthor: Marco Vela - Fact-checked ✓

Summary: While KeyBank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto exchange.

There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.

They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!

Buy Crypto with eToro
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As mentioned above, just like most banks, KeyBank doesn’t offer cryptocurrency trading directly, as setting up a crypto exchange is quite complex and comes with regulations and extra requirements for the banks.

There are many cryptocurrency exchanges that you can use for buying bitcoin and other cryptocurrencies.

You can sign up for an exchange (we will use eToro as our example because it is a trusted and worldwide exchange) and transfer funds to the exchange to trade crypto.

How to buy crypto or bitcoin with KeyBank

There are only 4 steps involved, let’s get started!

1. Choose a cryptocurrency exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

Let’s get started!

Etoro crypto

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).

Etoro sign up

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy cryptocurrency

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with KeyBank.

About KeyBank

The bank's branch network is ideal for residents.

KeyBank is a regional banking institution that has more than 1,000 branches offering full-service services.

Key Smart Checking does not charge a maintenance fee. To open an account, you need to deposit only $10. This makes it accessible to all customers within the bank's network.

It charges a $33 overdraft fee, which is slightly less than other banks. KeyBank raises the fee to $38 for overdrafts that exceed two per cycle, or the 11 previous cycles.

KeyBank offers five different checking accounts. KeyBank also offers a KeyBank Hassle Free Account, which doesn't have a monthly maintenance fee and no overdraft fees. You can also get Key Advantage Checking which provides interest and Key Privilege Checking and Key Privilege Select Checking accounts to increase your balances.

You may need to pay $3 depending on the account you have to use an ATM outside of your network. KeyBank is a partner with Allpoint ATMs so that you can access more than 40,000 ATMs throughout the country at no cost. To make person-to-person payment, you will have access to Zelle via the bank's mobile application.

KeyBank has a large selection of CDs that can be purchased from 7 days to 10 years.

To open a CD you will need to deposit $2,500. This is more than other banks require. There are also higher rates available elsewhere.

KeyBank offers Jumbo CDs to those who deposit at least $100,000

To open a Key Active Saver account, you only need $10. The $4 monthly service fee will be waived if you have a KeyBank consumer account. Although every balance earns interest it is well below the national average.

KeyBank offers two money market accounts. These accounts are the Key Silver Money Market Savings Account (or Key Gold Money Market Savings Account).

To open a Key Silver Money Market Savings Account, you only need $50. To avoid paying the $12 monthly service fee, you'll need to have at least $5,000 in your account. The fee can be waived by making a minimum $25 monthly direct deposit or keeping a personal relationship package account.

An opening deposit of $25,000. is required for the Key Gold Money Market Savings Account.

Higher yields can be found elsewhere.

KeyBank has over 1,000 branches and is present in 15 states.

KeyBank customer service is available 24 hours a day via phone. It also offers a website where you can schedule an appointment with a local branch manager to discuss your financial health and to request a financial wellness review.

Although the mobile app from KeyBank is not a masterpiece, it has been well-reviewed.

KeyBank, a Cleveland-based regional bank, is located in Cleveland. More than 1,000 branches are available in 15 states. The bank offers checking, saving, money market, and certificate of deposit.

This regional bank is well-known for developing financial health programs that are beneficial to its customers.


author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.